Northwestern Mutual Wealth Management Co. Purchases 375,581 Shares of Invesco QQQ $QQQ

Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 11.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,547,591 shares of the exchange traded fund’s stock after purchasing an additional 375,581 shares during the quarter. Invesco QQQ comprises about 1.1% of Northwestern Mutual Wealth Management Co.’s portfolio, making the stock its 16th biggest position. Northwestern Mutual Wealth Management Co.’s holdings in Invesco QQQ were worth $2,179,321,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQ. SG Americas Securities LLC grew its holdings in Invesco QQQ by 120.2% during the 4th quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock worth $131,292,000 after acquiring an additional 1,270,102 shares in the last quarter. Analyst IMS Investment Management Services Ltd. lifted its position in shares of Invesco QQQ by 68.6% in the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after purchasing an additional 712,026 shares during the period. NorthRock Partners LLC lifted its position in shares of Invesco QQQ by 1,355.6% in the 3rd quarter. NorthRock Partners LLC now owns 304,852 shares of the exchange traded fund’s stock worth $183,024,000 after purchasing an additional 283,909 shares during the period. BXM Wealth LLC boosted its stake in shares of Invesco QQQ by 1,744.9% during the fourth quarter. BXM Wealth LLC now owns 219,962 shares of the exchange traded fund’s stock valued at $135,125,000 after purchasing an additional 208,039 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Invesco QQQ by 524.8% during the third quarter. Qube Research & Technologies Ltd now owns 239,482 shares of the exchange traded fund’s stock valued at $143,778,000 after purchasing an additional 201,150 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $708.93 on Friday. Invesco QQQ has a 52-week low of $505.58 and a 52-week high of $722.03. The company’s 50 day moving average is $628.38 and its 200 day moving average is $620.26.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%.

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Invesco QQQ Company Profile

(Free Report)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

See Also

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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